SOURCES OF TAX LAW (2 OF 2)
01.Core Concepts
Source Authority Law Statutory Congressionally derived law through legislative power provided by the 16th Amendment to the U.S. Constitution. Internal Revenue Code of 1986, as amended. Administrative •Treasury Department: The administrative branch of government charged with enforcing the tax laws. •Internal Revenue Service: A subsidiary of the Treasury Department charged with the collection of tax and administration of the tax system. •Treasury Regulations: Proposed Regulations Temporary Regulations Final Regulations •IRS Determinations: Revenue Rulings Private Letter Rulings Determination Letters Revenue Procedures Judicial The Courts are charged with interpreting tax law passed by Congress, determining whether the statutory laws are constitutional, and determining if administrative regulations are consistent with the intent of Congress. Case Law: A case or controversy between a taxpayer and the IRS resulting in case law expressed in the opinion of a court.